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    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback: Draft Regulations, Notices and Guidelines Pursuant to Trust Companies Act 2005 (129.6 KB) Consultation Paper VIEW DOCUMENT Draft Regulations Notices and Guidelines Pursuant to Trust Companies Act 2005 (418.8 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION PAPER ON DRAFT REGULATIONS, NOTICES AND GUIDELINES PURSUANT TO TRUST COMPANIES ACT 2005 On 26 August 2005, MAS issued a Consultation Paper inviting comments on draft Regulations, Notices and Guidelines
    • MAS
    • Guidelines

    Last revised date:

    • Guidelines for finance companies on Notice 824 for the prevention of money laundering and countering the financing of terrorism. These guidelines apply to all finance companies incorporated in Singapore. They provide guidance on the requirements in Notice 824 on Prevention of Money Laundering and Countering the Financing of Terrorism – Finance Companies . These guidelines should be read in conjunction with the notice. 24 Apr 2015 Previous version dated 24 April 2015 (605.7 KB) [Cancelled] 01 Dec
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $9,000 was imposed on Whiz Communications for failing to put in place reasonable security arrangements to protect customers' personal data in its possession or under its control. Click here for more information. 2 PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPCS 7 Case No. DP-2304-C0935 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Whiz Communications Pte. Ltd. SUMMARY OF THE DECISION Introduction
    • MAS
    • Notices

    Last revised date:

    • Requirements for all credit card issuers to submit quarterly statistical returns for credit cards to MAS. This notice applies to all credit card issuers in Singapore. It sets out the requirements for statistical returns for credit cards to be submitted to MAS each quarter. The notice includes: Statistical collection templates Notes for completion Timeline for submission Amendment Notes 1 Jul 2021 MAS Notice 759 (Amendment) 2021 (434.4 KB) dated 11 Jun 2021 takes effect. 29 Jun 2020 MAS Notice 759
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 June 2021… The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), today announced an extension of the existing industry-wide support measures In October last year, the financial industry introduced the Extended Support Scheme (ESS) to help individuals and SMEs that continue to face cashflow difficulties due to the pandemic transition gradually to full loan repayments. The application
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 June 2021… The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), today announced an extension of the existing industry-wide support measures In October last year, the financial industry introduced the Extended Support Scheme (ESS) to help individuals and SMEs that continue to face cashflow difficulties due to the pandemic transition gradually to full loan repayments. The application
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $9,000 was imposed on Sendtech for failing to put in place reasonable security arrangements to protect personal data. This resulted in an unauthorised access of the personal data stored in their Amazon Web Services account. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2102-B7884 In the matter of an investigation under Section 50(1) of the Personal Data Protection Act 2012 And Sendtech Pte. Ltd. Organisation SUMMARY OF THE
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 April 2023… The Monetary Authority of Singapore (MAS) today announced the launch of the Polytechnic Talent for Finance Scheme to encourage financial institutions to hire and train polytechnic students and graduates. 2 Speaking at a Growing Timber event today, Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth, and Ministry of Trade and Industry, and Board Member of MAS, shared that the financial sector offers good jobs and rewarding careers for polytechnic graduates
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 15 September 2017… The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) yesterday signed a Cooperation Agreement (CA) to foster closer cooperation on FinTech and innovation in financial services between Singapore and Malaysia. MAS and SC share similar objectives of developing robust FinTech ecosystems that support the needs of the financial industry and promote innovation in their respective markets. The CA was signed by Mr Sopnendu Mohanty, Chief FinTech
    • PDPC
    • Public Consultations

    Last revised date:

    • PUBLIC CONSULTATION FOR APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY (ISSUED 27 JULY 2017) Submitted By: iFast Financial Pte Ltd 10 Collyer Quay #26-01 Singapore 049315 Contact Person: Mr Sam Man Yeow Assistant Manager, Compliance Email: compliance@ifastfinancial.com -------- Question 6: What are your views on the proposed concurrent application of PDPA’s data breach notification requirements with that of other laws and sectoral regulations? Response: There